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Fraser and Neave, Ltd Says Overseas Union Enterprise Limited's Offer Not Compelling-Reuters


Wednesday, 19 Dec 2012 10:11am EST 

Reuters reported that Singapore's Fraser and Neave, Ltd's (F&N) independent financial adviser has assessed that a SGD13.1 billion ($10.8 billion) takeover offer from a group led by Overseas Union Enterprise Limited (OUE) is 'not compelling, but fair'. The view was expected after shares of F&N, which is at the centre of a bidding war between firms owned by Thai tycoon Charoen Sirivadhanabhakdi and Indonesian businessman Stephen Riady, have traded above the takeover bids by the two groups.